Graduate job vacancies on the rise

The UK’s biggest employers are set to take on more graduates this year, new figures suggest

January 13, 2014

A survey of the country’s 100 top graduate employers by High Fliers Research indicates they will recruit 8.7 per cent more graduates than last year – in total, around 1,400 extra people.

That will take the number of graduate vacancies back to where it was in 2007, the year before the recession prompted firms to slash their annual recruitment of university leavers.

Graduate employers in 11 out of 13 key industries and business sectors are now planning to hire more new recruits this year than in 2013.

Much of the growth in entry-level graduate jobs has come in the public sector, particularly Teach First, which will have 1,550 vacancies this autumn, and in accounting and professional services firms, such as PwC (1,200 vacancies) and Deloitte (1,000 vacancies).

Overall, the 100 employers covered by the survey plan to employ 18,264 graduates this year compared with 16,895 last year.

These employers will also offer a record number of paid work experience places this year – about 12,000 – with about two-thirds of recruiters offering them.

Internships are increasingly a stepping stone to full-time jobs with those companies, the study published on 13 January reveals.

More than a third (37%) of the posts advertised this year will be filled by those who have already done an internship at the company, the report says.

About half of recruiters said graduates who have had no previous work experience at all are unlikely to get jobs.

However, despite the improved outlook for the “class of 2014”, graduate salaries have stagnated. At these employers, the average wage was £29,000 a year, the same for the past five years.

About 10 organisations will offer salaries of £40,000 to this year’s graduates, with the most generous on offer from investment banks (median of £45,000), law firms (median of £39,000), banking and finance firms (median of £33,000) and oil and energy companies (median of £32,500).

The highest published graduate starting salaries for 2014 are at the European Commission (£41,500) and the supermarket Aldi (£41,000).

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Most Commented

Lady Margaret Hall, Oxford will host a homeopathy conference next month

Charity says Lady Margaret Hall, Oxford is ‘naive’ to hire out its premises for event

Laurel and Hardy sawing a plank of wood

Working with other academics can be tricky so follow some key rules, say Kevin O'Gorman and Robert MacIntosh

Woman pulling blind down over an eye
Liz Morrish reflects on why she chose to tackle the failings of the neoliberal academy from the outside
White cliffs of Dover

From Australia to Singapore, David Matthews and John Elmes weigh the pros and cons of likely destinations

Michael Parkin illustration (9 March 2017)

Cramming study into the shortest possible time will impoverish the student experience and drive an even greater wedge between research-enabled permanent staff and the growing underclass of flexible teaching staff, says Tom Cutterham